Shares of Capita PLC (LON:CPI) shot up 0% during trading on Friday . The stock traded as high as GBX 420.60 ($5.70) and last traded at GBX 420.60 ($5.70). 3,091,271 shares traded hands during trading, an increase of 14% from the average session volume of 2,710,000 shares. The stock had previously closed at GBX 420.60 ($5.70).
Several brokerages have recently commented on CPI. Credit Suisse Group reduced their price objective on shares of Capita from GBX 550 ($7.46) to GBX 455 ($6.17) and set a “neutral” rating for the company in a research report on Wednesday, January 3rd. Deutsche Bank reduced their price objective on shares of Capita from GBX 580 ($7.87) to GBX 450 ($6.10) and set a “hold” rating for the company in a research report on Friday, December 22nd. Peel Hunt reduced their price objective on shares of Capita from GBX 562 ($7.62) to GBX 423 ($5.74) and set a “hold” rating for the company in a research report on Wednesday, December 20th. Numis Securities reaffirmed a “buy” rating and set a GBX 565 ($7.66) price objective on shares of Capita in a research report on Friday, December 15th. Finally, Shore Capital reaffirmed a “sell” rating on shares of Capita in a research report on Thursday, December 14th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the stock. Capita has a consensus rating of “Hold” and a consensus target price of GBX 543.08 ($7.36).
The stock has a market cap of $2,670.00 and a PE ratio of 42,060.00.
Capita PLC is a United Kingdom-based company, which creates and delivers services in business process management. The Company’s segments include Digital & Software Solutions, Integrated Services, Local Government, Property & Health, Workplace Services, IT Enterprise Services, Customer Management, Capita Europe and Insurance & Benefits Services.
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